Page 44 - Annual Report 2021 EN
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                   6.  Geographic distribution                                                                                                                              DECEMBER 2020                                                                                           DECEMBER 2021

                         of gross exposures



                   Exposure to Qatar remained the largest segment of

                   geographical exposure, however, it showed a slight

                   contraction in proportionate terms year-on-year. The

                   total exposure to China increased, whereas the exposure
                   to the Russian Federation and Kazahkstan (included

                   in “Other”), remained static year-on-year. Exposure to

                   GCC-excluding Qatar increased while exposure to MENA-
                   excluding GCC reflected a marginal decline. Exposures to

                   the USA remained relatively small, however, growth was

                   noted in exposures to the EU and the UK in particular.






























                                                                                                                                         Qatar                                                       Other                                                       China (incl. Hong Kong)                                     GCC excl. Qatar




                                                                                                                                         MENA excl. GCC                                              United States of America                                    United Kingdom                                              EU
   39   40   41   42   43   44   45   46   47   48   49